Business Services Industry
Hewitt exec aims at costs; Boeing vet has already reduced supplier roster.(News)(Kristi Savacool )(Hewitt Associates Inc.)
Crain's Chicago Business, April, 2006 by Singh, Shruti Date
Byline: SHRUTI DATE SINGH Hewitt Associates Inc. gets paid millions to tell big companies how to save money. But when the consulting and outsourcing firm needed to figure out how to pare its own costs, it turned to Kristi Savacool, a Boeing Co. veteran. Ms. Savacool, 46, joined Hewitt in August as a full-time cost-cutter.
Hewitt CEO Dale Gifford created Ms. Savacool's position-senior vice-president for business services-after his company's profit margins slipped. One of her first jobs: cut the number of suppliers. She slashed the number of print contractors from 1,300 to 300 and plans to lower it further to 100. She's cut food vendors from 200 to one and is reducing the number of temporary staffing agencies from 15 to one. Now, she's eyeing real estate...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
